Quidnet's technology is building on the innovation and technical expertise of Alberta's oil and gas industry to help solve a key challenge with renewable energy: the need for reliable and long-term energy storage. This project is another example of Alberta taking actions to develop the solutions the world needs to achieve its emissions reductions goals.
Alberta is Canada’s third largest producer of electricity among provinces with a generating capability exceeding 16,000 MW. Over 90 percent of Alberta’s electricity is produced from fossil fuels (natural gas and coal). It is Canada's largest oil-producing province, accounting for nearly 80 percent of Canadian oil production. The Albertan government has established a goal of phasing out coal-fired generation and procuring 30 percent of the province’s electricity from renewable resources by 2030. Alberta’s Renewable Energy Program is intended to procure 5,000 MW of renewable energy by 2030.
The Alberta Electric System Operator (AESO) reports 336 MW of solar farms currently operating in Alberta.
1,018 MW of solar capacity is forecast to be added to the Alberta electric system over the next 20 years.
Alberta currently has 2,085 MW of installed wind generating capacity in operation, according to the AESO.
Another 3,127 MW of wind capacity is forecast to be added to the Alberta electric system over the next 20 years.
Grid-connected energy storage in Alberta currently totals 30 MW of power capacity, according to AESO.
The AESO’s long-term outlook forecasts growth of energy storage ranging from 150 MW to 1,520 MW over the next 20 years.
Generation-1 resource estimate
Peak system load
Under development in Southeast Alberta
The Need for Storage
Alberta’s historic reliance on electricity powered by fossil fuels offers the potential significant growth in renewable resources, as the province moves to address climate change. Substantial development of wind power and solar energy is planned. But those variable energy resources can only generate power when the wind blows and the sun shines. As a result, energy storage is needed to make their power available whenever it is needed. Long-duration energy storage is a vital element of Alberta’s electric energy transition.
The Alberta Electric System Operator (AESO) issued an Energy Storage Roadmap in 2019 to facilitate integration of energy storage impartial to technology, configuration and point of connection. The AESO roadmap treats energy storage as a unique asset type; neither load nor generator.
Quidnet is using fossil fuel industry expertise and experience to make long-duration energy storage a reality in New York and other parts of the nation. We are developing and deploying energy storage using the science of geomechanics and time-tested pumped-storage hydropower technology. Our system is modular, scalable, and terrain-independent, offering structural cost advantages, with lower per-megawatt installed costs than gas peaking plants and alternative storage systems. We’re reliable and ready, with equipment provided and serviced by mature suppliers from well-established industries.